SOURCE: Seacoast Commerce Bank
SAN DIEGO, CA--(Marketwire - Feb 22, 2013) - Seacoast Commerce Bank (OTCQB: SCCB) today announced that David Bartram has been promoted to Executive Vice President and Chief Operating Officer of the company.
Mr. Bartram started with Seacoast Commerce Bank in July of 2009, as manager of the bank's SBA Division, and has grown Seacoast's SBA Division into one of the largest SBA lending programs in the nation. For the SBA's year-ended September 30, 2012, Seacoast was the 14th largest SBA lender in the nation, and for the bank's fiscal year ended December 31, 2012, the bank funded $152.2 million in SBA loans.
Richard M. Sanborn, President and Chief Executive Officer stated, "Dave has been a driving force and instrumental part of the success of the bank. His understanding of not only the SBA program, but of how to develop, grow, and operate a successful financial institution led to this much deserved promotion, and I look forward to his continued long-term contributions."
Mr. Bartram commented, "I am honored to be able to work with such a supportive team at Seacoast Commerce Bank. We have been able to build a team with highly qualified people, not only in our processing center, but in each of our loan production offices. Our growth is strategic, well executed, and supported by everyone at the bank, and I am committed to doing my part to continue our long-term focus on superior financial results."
Seacoast Commerce Bank is a business bank operating in San Diego, California, with loan production offices in San Diego County, Orange County, Los Angeles, San Ramon and Sacramento, California; Bellevue, Washington; Phoenix, Arizona, Salt Lake City, Utah, Las Vegas, Nevada, Dallas and Houston, Texas. For more information on the bank please visit our website at www.sccombank.com or contact Richard M. Sanborn, President and Chief Executive Officer at 858-432-7001.
Certain statements in this press release, including statements regarding the anticipated development and expansion of the Bank's business, and the intent, belief or current expectations of the Bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such "forward-looking" statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the Bank's performance and regulatory matters.